It’s been a bumper year for overseas raises here at Crowdcube, with our 5 biggest campaigns to date taking place in 2019. We’ve supported raises from fantastic entrepreneurs throughout Ireland, Singapore, Spain, Switzerland, Sweden and more. We’re eager to accelerate this growth and continue to help build a world of wonder brands.
In 2018, the investment generated from our overseas campaigns came in at €13.2m. This year, that figure has more than doubled. Our total for 2019 currently stands at €26.6m, with e-bike business Cowboy currently overfunding at €3.5m. European entrepreneurs are matching their British counterparts in terms of investment raised and number of investors they attract, as they realise the benefits of building loyal communities alongside raising growth finance.
Cowboy, headquartered in Belgium, is on track to become our second largest overseas raise. Spanish Fintech ID Finance currently sits at the number one spot, having raised a record-breaking €5.2m in October (2019). Third is Muroexe, a Madrid-based shoe company. The team rallied 1,165 investors in July of this year to help raise €2.8m and fuel the next stage of their growth. Bnext and LIFE LENGTH take the final two slots in our big five, with Bnext standing at €2.6m and LIFE LENGTH at €2.5m.
Co-founder and CEO of ID Finance, Boris Batin, shares his thoughts on the results of their campaign: "It was a pleasure working with such a professional Crowdcube team on this exciting transaction. Our Crowdcube campaign exceeded our expectations, as we closed the raise ahead of schedule with sizable overfunding. The success of the campaign was a result of our strong track record, the enormous opportunity in the regions we operate and a clear strategy by ID Finance to become the number one digital lending platform across Latin America and Spain."
Beauhurst recently released a report which named crowdfunding as the most gender-equitable investor type, with 24% of deals going to female-founded companies. We’re so proud to have supported female founders through 220 successful crowdfunding campaigns across the globe, including the team at Spanish-based fem-tech, Cocoro.
Cocoro's all-female founding team launched their crowdfunding campaign to help power their dream of revolutionising the Spanish market with their sustainable period pants. After raising €415k in August (2019), the team have gone on to win a Power, Together Award, celebrating the part they play in ending period poverty. Read more about their award, here.
We can’t wait to see what 2020 brings for our wonderful Funded Club businesses, both at home in the UK and across the globe. Luke Lang, our Co-founder and CMO, sums it up nicely, saying “2019 has been a milestone year for Crowdcube internationally. Our record-breaking figures show how investors around the world are backing inspiring businesses. ID Finance, Cowboy and Muroexe are leading the charge, proving that trail-blazing businesses are making an impact on investors’ minds and on markets.”
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